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Stocks · Consumer discretionary · Retail-Eating Places

Portillo's Inc.

PTLO Clue Score48
United States Fiscal year ends December CIK 0001871509
$4.02 +3.08% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $4.02 −86.19% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 21 Oct 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue479.4Operating income48.9Net income−12.9EPS, diluted−0.25Fiscal year 2020Revenue455.5 −5.0%Operating income57.3Net income−8.3EPS, diluted−0.16Fiscal year 2021Revenue535.0 +17.5%Operating income30.0Net income−15.2EPS, diluted−0.42Fiscal year 2022Revenue587.1 +9.7%Operating income41.3Net income10.9EPS, diluted0.25Fiscal year 2023Revenue679.9 +15.8%Operating income55.4Net income18.4 +69.8%EPS, diluted0.32 +28.0%Fiscal year 2024Revenue710.6 +4.5%Operating income58.0Net income29.5 +60.2%EPS, diluted0.46 +43.8%Fiscal year 2025Revenue732.1 +3.0%Operating income43.7Net income19.3 −34.5%EPS, diluted0.27 −41.3%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 479.4 455.5 535.0 587.1 679.9 710.6 732.1
Growth −5.0% +17.5% +9.7% +15.8% +4.5% +3.0%
Operating income 48.9 57.3 30.0 41.3 55.4 58.0 43.7
Net income −12.9 −8.3 −15.2 10.9 18.4 29.5 19.3
Growth +69.8% +60.2% −34.5%
EPS, diluted −0.25 −0.16 −0.42 0.25 0.32 0.46 0.27
Growth +28.0% +43.8% −41.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin10.2%Net margin−2.7%Free cash flow margin4.4%Fiscal year 2020Operating margin12.6%Net margin−1.8%Free cash flow margin8.1%Fiscal year 2021Operating margin5.6%Net margin−2.8%Free cash flow margin1.3%Fiscal year 2022Operating margin7.0%Net margin1.8%Free cash flow margin1.7%Fiscal year 2023Operating margin8.2%Net margin2.7%Free cash flow margin−2.5%Fiscal year 2024Operating margin8.2%Net margin4.2%Free cash flow margin1.4%Fiscal year 2025Operating margin6.0%Net margin2.6%Free cash flow margin−2.5%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 10.2% 12.6% 5.6% 7.0% 8.2% 8.2% 6.0%
Net margin −2.7% −1.8% −2.8% 1.8% 2.7% 4.2% 2.6%
Free cash flow margin 4.4% 8.1% 1.3% 1.7% −2.5% 1.4% −2.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow43.3Capital expenditure−22.0Free cash flow21.3Fiscal year 2020Operating cash flow58.3Capital expenditure−21.5Free cash flow36.8 +73.0%Fiscal year 2021Operating cash flow42.9Capital expenditure−36.2Free cash flow6.7 −81.8%Fiscal year 2022Operating cash flow56.9Capital expenditure−47.1Free cash flow9.8 +46.9%Fiscal year 2023Operating cash flow70.8Capital expenditure−87.9Free cash flow−17.1 −274.4%Fiscal year 2024Operating cash flow98.0Capital expenditure−88.2Free cash flow9.8Fiscal year 2025Operating cash flow71.9Capital expenditure−90.4Free cash flow−18.5 −288.1%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 43.3 58.3 42.9 56.9 70.8 98.0 71.9
Capital expenditure −22.0 −21.5 −36.2 −47.1 −87.9 −88.2 −90.4
Free cash flow 21.3 36.8 6.7 9.8 −17.1 9.8 −18.5
Growth +73.0% −81.8% +46.9% −274.4% −288.1%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash22.6Shareholders’ equity147.7Fiscal year 2020Cash41.2Total debt469.7Net cash (debt)−428.5Shareholders’ equity140.7Debt to equity3.34Fiscal year 2021Cash39.3Total debt319.2Net cash (debt)−279.9Shareholders’ equity171.3Debt to equity1.86Fiscal year 2022Cash44.4Total debt318.6Net cash (debt)−274.2Shareholders’ equity256.3Debt to equity1.24Fiscal year 2023Cash10.4Total debt291.4Net cash (debt)−281.0Shareholders’ equity322.4Debt to equity0.90Fiscal year 2024Cash22.9Total debt286.7Net cash (debt)−263.8Shareholders’ equity401.1Debt to equity0.71Fiscal year 2025Cash20.0Total debt244.2Net cash (debt)−224.3Shareholders’ equity467.8Debt to equity0.52
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 22.6 41.2 39.3 44.4 10.4 22.9 20.0
Total debt n/a 469.7 319.2 318.6 291.4 286.7 244.2
Net cash (debt) n/a −428.5 −279.9 −274.2 −281.0 −263.8 −224.3
Shareholders’ equity 147.7 140.7 171.3 256.3 322.4 401.1 467.8
Debt to equity n/a 3.34 1.86 1.24 0.90 0.71 0.52

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 29 Dec 2019 FY2020 27 Dec 2020 FY2021 26 Dec 2021 FY2022 25 Dec 2022 FY2023 31 Dec 2023 FY2024 29 Dec 2024 FY2025 28 Dec 2025
Revenue and profit
479.4 455.5 535.0 587.1 679.9 710.6 732.1
Growth −5.0% +17.5% +9.7% +15.8% +4.5% +3.0%
43.1 39.9 87.1 66.9 78.8 75.1 77.1
48.9 57.3 30.0 41.3 55.4 58.0 43.7
Growth +17.1% −47.6% +37.5% +34.3% +4.7% −24.7%
5.6 12.3 −16.9 19.0 28.1 41.9 24.1
0.0 0.0 −3.5 1.8 3.2 6.8 3.0
−12.9 −8.3 −15.2 10.9 18.4 29.5 19.3
Growth +69.8% +60.2% −34.5%
Per share
−0.25 −0.16 −0.42 0.28 0.34 0.48 0.28
−0.25 −0.16 −0.42 0.25 0.32 0.46 0.27
Growth +28.0% +43.8% −41.3%
51.2 51.2 35.8 38.9 53.8 61.1 68.8
51.2 51.2 35.8 42.7 57.3 64.0 71.1
Growth +0.0% −30.0% +19.3% +34.2% +11.6% +11.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.0% a year over five years.
  • The diluted share count rose 38.9% in five years, which is dilution.
  • Operating margin is down 6.6 points on five years ago, at 6.0%.
  • A net loss in 3 of 7 years on file.